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Procter & Gamble Co (BUE:PG) E10 : ARS433.13 (As of Dec. 2024)


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What is Procter & Gamble Co E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Procter & Gamble Co's adjusted earnings per share data for the three months ended in Dec. 2024 was ARS9,494.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS433.13 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Procter & Gamble Co's average E10 Growth Rate was 6.40% per year. During the past 3 years, the average E10 Growth Rate was 7.10% per year. During the past 5 years, the average E10 Growth Rate was 6.60% per year. During the past 10 years, the average E10 Growth Rate was 2.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Procter & Gamble Co was 16.00% per year. The lowest was -1.60% per year. And the median was 9.00% per year.

As of today (2025-03-02), Procter & Gamble Co's current stock price is ARS14000.00. Procter & Gamble Co's E10 for the quarter that ended in Dec. 2024 was ARS433.13. Procter & Gamble Co's Shiller PE Ratio of today is 32.32.

During the past 13 years, the highest Shiller PE Ratio of Procter & Gamble Co was 36.39. The lowest was 16.96. And the median was 28.79.


Procter & Gamble Co E10 Historical Data

The historical data trend for Procter & Gamble Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Procter & Gamble Co E10 Chart

Procter & Gamble Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.73 148.30 247.86 521.07 477.60

Procter & Gamble Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,000.97 381.65 477.60 445.02 433.13

Competitive Comparison of Procter & Gamble Co's E10

For the Household & Personal Products subindustry, Procter & Gamble Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Procter & Gamble Co's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Procter & Gamble Co's Shiller PE Ratio falls into.



Procter & Gamble Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Procter & Gamble Co's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=9494/133.1571*133.1571
=9,494.000

Current CPI (Dec. 2024) = 133.1571.

Procter & Gamble Co Quarterly Data

per share eps CPI Adj_EPS
201503 33.074 99.621 44.208
201506 7.724 100.684 10.215
201509 42.780 100.392 56.742
201512 72.481 99.792 96.714
201603 70.829 100.470 93.872
201606 48.230 101.688 63.156
201609 71.600 101.861 93.599
201612 228.276 101.863 298.407
201703 71.689 102.862 92.803
201706 67.601 103.349 87.099
201709 92.875 104.136 118.758
201712 88.792 104.011 113.673
201803 95.708 105.290 121.040
201806 89.784 106.317 112.450
201809 224.474 106.507 280.643
201812 230.001 105.998 288.933
201903 203.268 107.251 252.368
201906 -473.597 108.070 -583.539
201909 380.297 108.329 467.456
201912 421.404 108.420 517.551
202003 347.588 108.902 425.006
202006 366.261 108.767 448.391
202009 605.056 109.815 733.666
202012 598.143 109.897 724.743
202103 567.504 111.754 676.190
202106 535.225 114.631 621.723
202109 787.129 115.734 905.624
202112 838.217 117.630 948.865
202203 714.024 121.301 783.814
202206 727.997 125.017 775.400
202209 1,090.757 125.227 1,159.835
202212 1,332.817 125.222 1,417.278
202303 1,353.218 127.348 1,414.949
202306 1,644.000 128.729 1,700.555
202309 3,202.043 129.860 3,283.354
202312 2,527.000 129.419 2,599.981
202403 6,403.000 131.776 6,470.098
202406 5,686.425 132.554 5,712.306
202409 7,651.525 133.029 7,658.899
202412 9,494.000 133.157 9,494.000

Add all the adjusted EPS together and divide 10 will get our e10.


Procter & Gamble Co  (BUE:PG) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Procter & Gamble Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14000.00/433.13
=32.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Procter & Gamble Co was 36.39. The lowest was 16.96. And the median was 28.79.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Procter & Gamble Co E10 Related Terms

Thank you for viewing the detailed overview of Procter & Gamble Co's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Procter & Gamble Co Business Description

Address
One Procter and Gamble Plaza, Cincinnati, OH, USA, 45202
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, with annual sales approaching $85 billion. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. Sales outside its home turf represent more than half of the firm's consolidated total.